- 1Fund Street closed a $45.5 million, seven-year investment-grade corporate note.
- 2Proceeds support origination growth and strategic corporate initiatives.
- 3Brean Capital was exclusive financial advisor and sole placement agent.
Fund Street Technologies, the parent company of One Park Financial, has closed a $45.5 million investment-grade corporate note with a seven-year term.
Deal details
The Coconut Grove, Florida-based company said proceeds will support origination growth and strategic corporate initiatives. Brean Capital served as exclusive financial advisor and sole placement agent.
CEO and Co-Founder John Lie-Nielsen said the transaction lets the company put its technology infrastructure to full use, noting that the platform was built to handle significant scale and that the capital will go toward expanding origination capacity and market reach. CFO Marcus Holland said the deal adds liquidity and flexible financing that diversify the capital structure, and that the company welcomed the participation of institutional partners.
The company
Founded in 2010, Fund Street Technologies says it has originated more than $1.5 billion in small business financing and served over 100,000 businesses. Its platform spans deal origination, business analysis, documentation and merchant servicing, and the company combines a brokerage arm with a direct funding arm.
Its subsidiary, One Park Financial, is an alternative small business funding company that connects small businesses with financing options.
Source reporting: deBanked.
